2314 W Meadow LnFlorenceSC29501
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Florence at 2314 W Meadow Ln, Florence, SC, 29501 uses $89,505 cash to close to unlock $5,823/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $2,093/mo, and a $1,322/mo payment keeps the spread at $485/mo. Purchase price stands at $269,999, and rental yield measures 9.3% with $2,093/mo rent. Return on cash invested shows 26.41% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 137.46% and total cumulative return in cash records $123,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,093/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29501, Florence, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,851 (100%) |
| Owner Occupied HU | 13,035 (59.7%) |
| Renter Occupied HU | 6,838 (31.3%) |
| Vacant Housing Units | 1,978 ( 9.1%) |
| Median Home Value | $264,758 |
| Average Home Value | $289,616 |
Housing Distribution
Address Breakdown
Residential
21,452
Single Family
19,917
Multi-Family
1,535
Businesses
2,032
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Listed by: Ashley Jacobs • Exp Realty Greyfeather Group
Mls Name: Pee Dee Realtor Association
Mls ID: #20254422